Airbnb = Provides Income Opportunities for Hosts… Airbnb Guest Arrivals & Active Listings by Hosts 5MM Global Active Listings 90MM 6MM obal 60MM 4MM obal Gl , Gl ls a v rri tings, A t Lis s e 30MM 2MM tiv Gue c A 0 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Guest Arrivals Active Listings by Hosts Source: Airbnb, TechCrunch. Note: Airbnb disclosed in 2017 ~660K listings were in USA. A 2017 CBRE study of ~256K USA Airbnb listings + ~177K Airbnb hosts in Austin, Boston, Chicago, LA, Miami, Nashville, New Orleans, New York City, Oahu, 123 Portland, San Francisco, Seattle, & Washington D.C. found that 83% of listings are made by single-listing hosts, or are listings for spaces within otherwise occupied dwellings. This implies that there >500K individuals listing spaces on Airbnb in USA as of 2018.